Confluence
Confluence indicators can be set as required confirmation for trend signals to be fired.
Last updated
Confluence indicators can be set as required confirmation for trend signals to be fired.
Last updated
Confluence allows Secondary Factions or technical indicators to be set as trend confirmation factors. The Pro Trader will only fire trend signals if the Primary Faction and Confluence indicators agree on trend direction. When confluence indicators disagree, the system will enter a Technical Ranging condition. In this scenario, a 'Ranging' signal will fire and chart candles and the Calculations Table will appear yellow.
To maximize the power of this feature, each confluence indicator should be optimized to market conditions. For example, to use Ichimoku Direction (Wizards) as a confluence factor with Vikings, implement the following steps:
Load Wizards as the primary Faction.
Select Price Action (Ichimoku) as the strategy in the Wizards settings.
Ensure all boxes in the Confluence and Super Trends sections are unchecked in order to isolate the Price Action (Ichimoku) algorithm.
Optimize Ichimoku settings until the Calculations Table shows maximum NET Gain and minimal account Drawdown.
Switch the primary Faction to Vikings.
Optimize Vikings settings until the Calculations Table shows maximum NET Gain and minimal account Drawdown.
Select Require Ichimoku Direction in the Confluence settings.
Secondary factions can be used as confirmation factors in either the Confluence or Super Trends sections. The Require Strict [Faction] setting in the Confluence section requires the secondary faction to be in strict agreement with the primary Faction for trend signals to fire. Whereas, using a faction as Super Trend confirmation allows more slippage in the trend agreement. Each approach will influence trend identification and backtest data displayed in the Calculations Table differently.
All RSI confluence is based on the Required RSI Score (Confluence) setting within Rangers.
Require Trending RSI
Require RSI Breakout
Require RSI Score
Require VWAP Direction
Require Impulse Direction
Require Strong Impulse Trend
Require Confirmed Impulse Trend
Require Ichimoku Direction
Require Time Price Opportunity
Require Trending TSI
Require Breakout TSI
Require TSI Direction
Require Bollinger Direction
Require Bollinger Breakout
Required EMA Cross
Require VPVR POC Cross
Require SNR Direction
Require SNR Signal
Confluence factors based on acceleration are based on the Vikings algorithm.
Require Trending Acceleration
Require Breakout Acceleration
Require Volume Growth